Shift Technologies Inc.

Company Profile

Shift Technologies Inc. had its IPO on 2019-06-04 under the ticker symbol SFT.

The company operates in the Consumer Cyclical sector and Auto & Truck Dealerships industry. Shift Technologies Inc. has a staff strength of 464 employees.

Stock update

Shares of Shift Technologies Inc. opened at $1.21 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $1.21 - $1.24, and closed at $1.24.

This is a -0.8% slip from the previous day's closing price.

A total volume of 75,205 shares were traded at the close of the day’s session.

In the last one week, shares of Shift Technologies Inc. have increased by +0.81%.

Shift Technologies Inc.'s Key Ratios

Shift Technologies Inc. has a market cap of $20.91 million, indicating a price to book ratio of 5.1017 and a price to sales ratio of 0.0225.

In the last 12-months Shift Technologies Inc.’s revenue was $328.81 million with a gross profit of $25.33 million and an EBITDA of $-129399000. The EBITDA ratio measures Shift Technologies Inc.'s overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Shift Technologies Inc.’s operating margin was -40.26% while its return on assets stood at -37.67% with a return of equity of -2221.9%.

In Q2, Shift Technologies Inc.’s quarterly earnings growth was a positive 0% while revenue growth was a negative 78.9%.

Shift Technologies Inc.’s PE and PEG Ratio

Forward PE

0

Trailing PE

0

PEG

Its diluted EPS in the last 12-months stands at $-10.05 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Shift Technologies Inc.’s profitability.

Shift Technologies Inc. stock is trading at a EV to sales ratio of 0.2711 and a EV to EBITDA ratio of -1.0948. Its price to sales ratio in the trailing 12-months stood at 0.0225.

Shift Technologies Inc. stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$110.09 million

Total Liabilities

$58.81 million

Operating Cash Flow

$0

Capital Expenditure

$1.28 million

Dividend Payout Ratio

0%

Shift Technologies Inc. ended 2024 with $110.09 million in total assets and $0 in total liabilities. Its intangible assets were valued at $110.09 million while shareholder equity stood at $-130756000.00.

Shift Technologies Inc. ended 2024 with $0 in deferred long-term liabilities, $58.81 million in other current liabilities, 2000.00 in common stock, $-686626000.00 in retained earnings and $2.07 million in goodwill. Its cash balance stood at $23.26 million and cash and short-term investments were $23.26 million. The company’s total short-term debt was $18,092,000 while long-term debt stood at $164.41 million.

Shift Technologies Inc.’s total current assets stands at $77.94 million while long-term investments were $0.00 and short-term investments were $0.00. Its net receivables were $3.94 million compared to accounts payable of $8.42 million and inventory worth $24.01 million.

In 2024, Shift Technologies Inc.'s operating cash flow was $0 while its capital expenditure stood at $1.28 million.

Comparatively, Shift Technologies Inc. paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$1.24

52-Week High

$8.16

52-Week Low

$1.06

Analyst Target Price

$2.3

Shift Technologies Inc. stock is currently trading at $1.24 per share. It touched a 52-week high of $8.16 and a 52-week low of $8.16. Analysts tracking the stock have a 12-month average target price of $2.3.

Its 50-day moving average was $1.7 and 200-day moving average was $1.85 The short ratio stood at 9.69 indicating a short percent outstanding of 0%.

Around 3149.7% of the company’s stock are held by insiders while 2386.9% are held by institutions.